Airbus delivers A220 jet to Delta, hoping to bring venture back to black

Airbus delivers A220 jet to Delta, hoping to bring venture back to black
Share this article

MIRABEL, Que. — Airbus SE delivered its first A220 aircraft to Delta Air Lines Inc. on Friday, the first airline in North America to buy the jet formerly known as the Bombardier C Series.

Bombardier chief executive Alain Bellemare says Airbus can lend the plane greater scale and acknowledged that the C Series led his company on a “challenging journey.”

Guillaume Faury, Airbus’s president of commercial aircraft, says the European plane-maker aims to cut supply costs in order to restore the money-losing jetliner program to profitability.

The European company acquired a majority 50.01 per cent stake in the C Series effective July 1, leaving Bombardier with 31 per cent and its name stripped from the jet series, but poised to benefit as a minority owner.

Delta’s A220 fleet is slated to reach four this year and roughly two dozen in 2019.

Airbus says it will start producing A220s for the U.S. market at a new plant in Mobile, Ala., starting in 2019, with deliveries coming a year later. The 100-to-150-seat jet is already in operation at three other airlines.

Companies in this story: (TSX:BBD.B)

The Canadian Press

Related posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.